Storage stocks overcorrected? Institutions clarify Nvidia's memory "downgrade" controversy: HBM demand unaffected.

According to BlockBeats, on June 6th, the global storage sector experienced a collective pullback following a SemiAnalysis report on memory configuration adjustments for NVIDIA's next-generation Vera Rubin NVL72 server platform. On June 5th, SK Hynix plunged 9.92%, and the A-share memory index fell by approximately 4%, with stocks such as Biwin Storage, Longsys, Montage Technology, and GigaDevice among the biggest losers. The previous trading day, Micron Technology closed down 7.74%. The report stated that NVIDIA plans to reduce the SOCAMM system memory capacity paired with Vera CPUs from 192GB to 96GB, which is expected to reduce the cost per rack from $7.6 million to $6.8 million, a saving of approximately 10%. The market initially worried about weakening demand for AI server storage. However, several institutions subsequently pointed out that this adjustment only involves the pluggable SOCAMM memory modules on the CPU side, representing a temporary flexible configuration optimization rather than a permanent hardware downgrade. The demand for HBM high-bandwidth memory related to GPU core computing power remains unaffected. Previously, Morgan Stanley estimated that Nvidia's next-generation Vera Rubin (VR200) rack price would be approximately $7.8 million, with memory-related material costs increasing by over 435% compared to the previous generation. Industry insiders also stated that the bottleneck in AI hardware is gradually shifting from computing power to memory and interconnectivity. This year, the global storage sector has continued to strengthen, with the market gradually shifting its valuation logic for the storage industry from traditional cyclical stocks to "AI infrastructure assets." However, with rapidly rising valuations and increased trading congestion, any news involving changes in storage demand could trigger market volatility. Despite a short-term correction, many companies in the industry chain remain optimistic about the continued industry boom. Biwin Storage stated that the supply-demand gap driven by AI computing power demand is unlikely to ease in the short term, and product prices still have room to rise; some manufacturers expect the supply shortage to continue until 2027. CFM flash memory market data shows that the global DRAM and NAND Flash market size reached $137.14 billion in the first quarter of 2026, a record high for a single quarter.